Facebook Instagram Twitter Youtube
  • Home
  • News
    • National News
    • State News
  • Business
  • Features
    • Insight
    • Opinion
  • FAAC
  • Financial
    • Facts & Figures
    • Monetary
    • Tax Matters
  • Sidelines
  • Profile
  • Special Focus
Search
Monday, May 26, 2025
  • Home
  • About
  • Adverts
  • Contact
Facebook Instagram Twitter Youtube
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
Economic Confidential
  • Home
  • News
    • AllNational NewsState News
      Port Harcourt Refinery

      Port Harcourt Refinery Not Producing Petrol Prior to Shutdown – Marketers

      Securities And Exchange Commission

      SEC Reports N1.1trn Dividends for Listed Companies in 2024

      Nigeria’s FDI Plummets Below 1% of GDP, World Bank Says

      Why NNPC Shutdown Port Harcourt Refinery

  • Business
    • Securities And Exchange Commission

      SEC Reports N1.1trn Dividends for Listed Companies in 2024

      Nigeria’s FDI Plummets Below 1% of GDP, World Bank Says

      AfCFTA: FG Unveils Intra-African Air Cargo Corridor

      cbn

      CBN Reports $267.96m Foreign Trade Payment

      Jennifer Adighije

      NDPHC Has Made Significant Strides Towards Energy Inclusion, Says Engr. Jennifer…

  • Features
    • AllInsightOpinion
      DG NITDA Kashifu Inuwa

      NITDA’s War Against Waste and Weak Systems, By Shuaib S. Agaka

      CBN Governor, Olayemi Cardoso

      Steady Hands in Stormy Times: Why Holding Rates Was the Right…

      President Bola Ahmed Tinubu

      Tinubu’s “Nigeria First” Policy and the Case for Economic Independence, by…

      Nigerian Customs Service, NCS

      Nigeria Customs and the Clampdown on Airport Cash Smuggling, by Tahir…

  • FAAC
    • FAAC

      FAAC: FG, States, LGs Share N1.7tn in February

      Federal Account Allocation Committee FAAC

      FAAC: FG, States, LGs Shared N1.7trn in January

      FAAC

      N13.7trn Federation Account Revenue Unremitted by NNPCL – FAAC

      FAAC

      FAAC Revenue Declines by N303bn in December

      cbn

      Federation Account grew by 7.48% in Q3 2024

  • Financial
    • AllFacts & FiguresMonetaryTax Matters

      Nigeria Spends $1bn to Upgrade Telecom Infrastructure

      Treasury Bills

      CBN Recieves N1.17trn in Bids for Treasury Bills Auction

      Foreign Portfolio Investments

      NGX Sees 91% Drop in Foreign Transactions to N63bn

      Bonds

      FG Seeks N300bn Through Bond Auction

  • Sidelines
    • Saliu Mustapha

      Visit Kwara: Saliu Mustapha Pens Foreward For New Book Spotlighting Kwara…

      Apple Data Breach: Marketing Strategy or Security Issue

      Dangote-BUA Sugar Scarcity Feud

      Google: Expanding 2-Step Verification Enrollment

      SAEMA Awards 2021: Submit Nominees for Security and Emergency Management Awards

  • Profile
    • Sambo Dasuki

      Polo, Politics, and the Dasuki Family

      The immediate-past Director in charge of Executive Secretary’s Office at the National Sugar Development Council (NSDC), Mallam Ahmed M. Waziri.

      Ahmed Musdafa Waziri: A Quintessential Civil Servant at 60, by Abdulrahman…

      PROFILE: Ten Things to Know About New CCB Chairman, Dr Abdullahi…

      CBN's Acting Director of Corporate Communications, Hakama Sidi Ali

      Hakama Sidi-Ali: The CBN’s First Female Spokesperson and Reputation Management

      Aisha Rimi

      PROFILE: Aisha Rimi, a Square Peg in NIPC’s Square Hole

  • Special Focus
    • Point of Sale Transaction (PoS)

      SPECIAL REPORT: Cash Crunch, Exorbitant POS Charges in the Face of…

      SPECIAL REPORT: Sickle Cell Awareness- A Public Health Imperative for Nigeria,…

      Governor Abba Yusuf of Kano, President Tinubu of Nigeria and Governor Sim Fubara of Rivers

      Shambolic Local Elections: Are Governors Setting ‘Standard’ for Tinubu’s 2027 Re-Election…

      Obamodi Oluwadamilola Faith

      Palliatives Distribution: A Culture FG Must Stop By Obamodi Oluwadamilola Faith

      health care sector

      EXCLUSIVE: How Health Ministry Scuttled Plot to Frustrate Multi-billion Naira Malaria…

Home News Port Harcourt Refinery Not Producing Petrol Prior to Shutdown – Marketers
  • News
  • News Update

Port Harcourt Refinery Not Producing Petrol Prior to Shutdown – Marketers

By
economic Confidential
-
May 26, 2025
Port Harcourt Refinery
Port Harcourt Refinery

Port Harcourt Refinery Not Producing Petrol Prior to Shutdown – Marketers

Your browser does not support the video tag.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said the Nigerian National Petroleum Company Limited (NNPCL) had to shut down the Port Harcourt Refining Company to save its face.

IPMAN said the facility’s shutdown is insignificant to the Nigerian petrol market, stressing that the plant did not produce petrol for about three months before its eventual shutdown.
The Petroleum Products Retail Outlet Owners Association of Nigeria argued that the facility will be of no value without the Premium Motor Spirit (petrol) blending unit, adding that 30 days will not be enough to complete the repair exercise.

In an interview with PUNCH, IPMAN’s Publicity Secretary, Chinedu Ukadike, argued that the refinery had not produced any fuel in the past few months, wondering why the NNPC was just announcing a shutdown now.

It was earlier reported that the NNPC announced the shutdown of the plant on Saturday. The facility would be shut down for a month for maintenance. According to the NNPC Chief Corporate Communications Officer, Olufemi Soneye, the shutdown commenced on Saturday, May 24.

Soneye said, “NNPC Ltd wishes to inform the general public that the Port Harcourt Refining Company will undergo a planned maintenance shutdown. This scheduled maintenance and sustainability assessment will commence on May 24, 2025.” He added that the company was working with relevant stakeholders to ensure efficiency and transparency during the exercise.

Read Also:

  • NITDA’s War Against Waste and Weak Systems, By Shuaib S. Agaka
  • Steady Hands in Stormy Times: Why Holding Rates Was the Right Call for Nigeria, by Rahma Olamide Oladosu
  • PROFILE: Ken Nnamani – New Chairman, NIPSS Kuru

Responding, Ukadike maintained that the 60,000-barrel-capacity refinery has not produced petrol in the past few months after it was declared operational in November. According to the IPMAN leader, the new leadership of the NNPC ought to have ordered a complete overhaul of the facility, saying the announcement of a shutdown was just to save face.

Ukadike stated, “For all these days, we have been buying petrol from the Dangote Refinery, and some others are importing. The shutdown of the Port Harcourt is insignificant. It does not affect anybody. The refinery has been down for years before it was rehabilitated and reopened last year; now, they are shutting it down again.”

He further questioned the timing of the shutdown, saying, “That means something is wrong. To the best of my knowledge, the refinery has not been producing anything in the past three months. This shutdown is just to save their face.”

On Saturday, the spokesperson of the Petroleum Products Retail Outlet Owners Association of Nigeria, Joseph Obele, insisted that the refinery had been shut down since Thursday. He feared that the shutdown might lead to job losses and fuel scarcity.

In a statement on Sunday, PETROAN President Billy Gillis-Harry expressed concerns over the development. According to him, though the refinery’s shutdown for maintenance is expected, the association wants the NNPC to adhere to the scheduled 30-day repair timeline to minimise disruptions to petroleum product supply.

Gillis-Harry said, “PETROAN fears that the 30-day schedule might not be realistic due to usual bottlenecks, potentially leading to further delays and exacerbating supply challenges.” He demanded the inclusion of a PMS blending unit in the maintenance activity and timely completion of the work.

The PETROAN president also recommended that the Minister of Petroleum set up a task force comprising all petroleum industry stakeholders to monitor the 30-day repairs and ensure transparency and accountability.

Meanwhile, NNPC spokesperson Soneye had earlier debunked claims of sabotage, saying the maintenance would ensure the safe and sustainable operation of the refinery.

spokesperson
PRNigeria.com
EconomicConfidential.com
PRNigeria.com/Hausa
EmergencyDigest.com
PoliticsDigest.ng
TechDigest.ng
HealthDigest.ng
SpokesPersonsdigest.com
TeensDigest.ng
ArewaAgenda.com
Hausa.ArewaAgenda.com
YAShuaib.com
  • TAGS
  • IPMAN
  • NNPCL
Previous articleNITDA’s War Against Waste and Weak Systems, By Shuaib S. Agaka
<a Href="https://economicconfidential.com/byline/economic-confidential/" Rel="tag">economic Confidential</a>
economic Confidential

RELATED ARTICLESMORE FROM AUTHOR

Securities And Exchange Commission
Business

SEC Reports N1.1trn Dividends for Listed Companies in 2024

Business

Nigeria’s FDI Plummets Below 1% of GDP, World Bank Says

News

Why NNPC Shutdown Port Harcourt Refinery

Business

AfCFTA: FG Unveils Intra-African Air Cargo Corridor

cbn
Business

CBN Reports $267.96m Foreign Trade Payment

The Comptroller-General of the Nigeria Customs Service (NCS), Mr Bashir Adewale Adeniyi
Business

Customs Eyes $250bn in Modernisation Project, Trains 1,800 Officers on AI

Recent Posts

  • Port Harcourt Refinery Not Producing Petrol Prior to Shutdown – Marketers
  • NITDA’s War Against Waste and Weak Systems, By Shuaib S. Agaka
  • Steady Hands in Stormy Times: Why Holding Rates Was the Right Call for Nigeria, by Rahma Olamide Oladosu
  • PROFILE: Ken Nnamani – New Chairman, NIPSS Kuru
  • Mining Reforms Attract $800m Foreign Investment – Alake

EDITOR PICKS

DG NITDA Kashifu Inuwa

NITDA’s War Against Waste and Weak Systems, By Shuaib S. Agaka

Featured Post May 26, 2025
CBN Governor, Olayemi Cardoso

Steady Hands in Stormy Times: Why Holding Rates Was the Right...

Opinion May 26, 2025
Ken Nnamani

PROFILE: Ken Nnamani – New Chairman, NIPSS Kuru

Editors Pick May 26, 2025

POPULAR POSTS

Nigerian Maritime

FG Loses $1bn Annually In Maritime Sector

Monetary May 19, 2020

Ajaokuta Steel Company Gets N4.3bn for Revival

Business January 9, 2017
MTN Office

MTN Nigeria Opens Offer Of N100bn Commercial Paper Issuance

Business May 29, 2020

POPULAR CATEGORY

  • Business13235
  • Monetary3024
  • News2897
  • Featured Post2762
  • Financial2715
  • Editors Pick2174
  • National News1955
  • Opinion1692
  • Features862
ABOUT US
Economic Confidential is the Abuja based Nigerian News Magazine. Economic Confidential Magazine is Factual, Authoritative and Accessible.
Contact us: [email protected]
FOLLOW US
Facebook Instagram Twitter Youtube
© 2017 Economic Confidential . All Rights Reserved.
Latest News
NITDA’s War Against Waste and Weak Systems, By Shuaib S. AgakaSteady Hands in Stormy Times: Why Holding Rates Was the Right Call for Nigeria, by Rahma Olamide OladosuPROFILE: Ken Nnamani – New Chairman, NIPSS KuruMining Reforms Attract $800m Foreign Investment – AlakeSEC Reports N1.1trn Dividends for Listed Companies in 2024Nigeria's FDI Plummets Below 1% of GDP, World Bank SaysWhy NNPC Shutdown Port Harcourt RefineryAfCFTA: FG Unveils Intra-African Air Cargo CorridorCBN Reports $267.96m Foreign Trade PaymentNDPHC Has Made Significant Strides Towards Energy Inclusion, Says Engr. Jennifer AdighijeSave Our Rice Industry: Stakeholders Call for FG InterventionPresident Tinubu's Reforms Push Customs Revenue to  ₦1.3 trillion in Q1 2025 - CG Adeniyi Customs Eyes $250bn in Modernisation Project, Trains 1,800 Officers on AINSDC Act Amendment to Save Nigeria $1bn Annually - BakrinKaduna Electric Signs Strategic MoU for 100MW Solar Energy Project
X whatsapp